@Chris Clothier  you have PRE GFC turn key and you have post  form my perspective and having started lending in 01 ish to 02 in turn key space.. those that were able to ride through the 08 to 2011 became stronger.. many showed their colors when things got tough and they bailed.. some reinvented themselves IE only selling for cash to IRA investors and or really going strong with the foreign buyers.. although we know a lot of them also abused terribly the foreign buyers as they simply did not understand the socio demographics of our markets. those that made it through and are still operating have taken the fix and flip for rental program to a new level..  

Call me old fashioned but the key to wholesaling is finding properties that are off market, for the precise reason of equity, and potential profits.The second you deal with on market, you deal with agent fees, and commisisons, fierce competition, and usually lack of motivation with sellers.Are there exceptions?

You should expect to invest a greater share of the funds in exchange for being brought along for the ride. 

In Real Estate, there is no margin calls, no forced selling, on just holds and rides out any storm, right. 

Beeing scared and beeing excited are closely related emotion - check that on the next rollercoaster ride!

I warned him that it might be tough to match that kind of cash flow relative to his risk, but we were riding high off our current STR wins.

Given my limited experience I want to ride both Keep investing in Cashflow and keep buying (when numbers make sense ) here locally. so diversify over time diversify location as well. again I am doing it because I live here if I move to place where cashflow is high I might just invest there locallyOriginally posted by @Wilson Cheung:It seems like many podcast hosts (including Josh and Brandon on the BP podcast) promote investing for cash flow instead of investing for appreciation.  

Try to figure out how you can provide value beyond that of a service provider for them and see if you can apprentice on some projects in some fashion.  

Not everyone agrees with me and I am fine with that, I think Dave Ramsey is a bit extreme but on the other hand there's something to be said for knowing that even in bad times you'll ride it out and survive to prosper again when the tide shifts.  

I'm from Montclair, NJ a 10 minute ride from Newark and I have a decent eye on what is happening.